China targets 15 GW of solar thermal power capacity by 2030

China unveiled a policy roadmap on Tuesday to accelerate solar thermal power development, targeting around 15 gigawatts (GW) of installed capacity by 2030, with costs broadly comparable to coal-fired power.The guideline, jointly issued by the National Development and Reform Commission and the National Energy Administration, emphasizes project construction and the expansion of application scenarios to facilitate large-scale deployment of solar thermal power.By 2030, China aims to build the sector into an internationally competitive new energy industry, characterized by globally leading technologies that are fully domestically controllable, alongside market-oriented and industrialized growth, according to the document.After years of development, China has...